FADU Posts Record Quarterly Results with Q3 Revenue of KRW 143.6 Billion and Operating Profit of KRW 36.3 Billion

Revenue surges 460% year on year, returning to profitability

Cumulative orders reach KRW 456.3 billion this year

Next-generation Gen6 controllers to launch by year-end

FADU, a company specializing in data center semiconductor design, posted revenue of KRW 143.6 billion and operating profit of KRW 36.3 billion in the third quarter of this year, setting a new record for quarterly performance.

According to its preliminary results disclosed on October 19, FADU's third-quarter revenue surged 460% from KRW 25.6 billion in the same period last year and rose 96% from KRW 73.2 billion in the previous quarter. Operating profit turned positive, compared with an operating loss of KRW 11.4 billion in the third quarter of last year, and increased 124% from KRW 16.2 billion in the previous quarter. As a result, cumulative revenue through the third quarter of this year reached KRW 276.3 billion, up 303% from KRW 68.5 billion in the same period last year, while cumulative operating profit exceeded KRW 60 billion.

The main factor behind the improved results was an increase in global investment in AI computing facilities. As of this month, FADU had secured about KRW 456.3 billion in new orders, according to disclosures. This is more than four times its total revenue of KRW 92.4 billion last year. Efforts to diversify its product portfolio are also progressing smoothly. Following its fifth-generation (Gen5) solid-state drive (SSD) controllers, which it currently supplies to major customers, the company has completed development of next-generation sixth-generation (Gen6) controllers with enhanced performance and plans to begin supplying them by year-end. It has also begun developing seventh-generation (Gen7) controllers, with the goal of supplying prototypes to customers in 2028.

An SSD controller is a key brain chip that controls data transmission between NAND flash memory and the central processing unit (CPU).

FADU is expanding its research and development (R&D) into high-speed signal transmission, which prevents signal distortion in large-scale computing environments. The company is working to expand its product lineup in line with its "FADU 2.0" strategy, announced at the Flash Memory Summit (FMS) in August. At the Open Compute Project (OCP) Global Summit held in San Jose, U.S., on October 15, it unveiled its File Semantic Solid-State Drive (FS-SSD) technology.

FADU CEO Nam Ihyun said, "The technology we have steadily built up for more than 10 years since our founding is now bearing fruit in the form of explosive growth in performance this year. We will continue to make the leap into a comprehensive AI data center solutions fabless company, providing a range of low-power, high-efficiency solutions required by AI data centers."

This content was produced with the assistance of AI translation services.